Citigroup Global Markets India Private Limited has Submitted to the Exchange a copy of disclosure in relation to number of Equity Shares tendered in connection with the captioned Open Offer on April 28, 2026.
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Citigroup Global Markets India Private Limited, as Manager to the Open Offer, submitted disclosure regarding equity shares tendered in connection with an open offer by Avenir Investment RSC Ltd (Acquirer) along with PAC IHC Capital Holding LLC. The offer is for acquiring up to 34,17,54,286 equity shares representing 26.05% of the expanded voting share capital of Sammaan Capital Limited, under SEBI (SAST) Regulations. As of April 28, 2026, 40,535 equity shares (0.01% of offer size) were tendered in the escrow demat account, of which 40,245 shares were tendered on April 28, 2026. The final acceptance will be subject to validation and verification of documents per SEBI regulations and the letter of offer.
This is a routine mid-offer disclosure showing minimal shareholder participation so far (0.01% of offer size tendered). The outcome could lead to a change in control of the company if the acquirer achieves its target stake.